The irs just accepted an offer in compromise (‘oic’) from me. Do I have any worries left and what are my continuing responsibilities?
Yes. Once an OIC is accepted and you are paying the compromised amount off in installments, it is more important than ever that you maintain compliance with your filing requirements, estimated tax payments and any and all payments for the OIC. Failure to do so even once may result in your OIC being rejected entirely and you owing the same amount as you did before your liability was compromised, decreased by the payments you already made.
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